What is gross domestic product?
ASU economist explains GDP and measuring economic well-being.
In this story published March 11, 2025, on The Motley Fool:
Nominal GDP is the total value of goods and services produced in a country expressed in units of domestic currency; U.S. dollars in the United States. Real GDP is nominal GDP divided by the GDP price deflator in a base year. Quantifying economic well-being is difficult, so no measurement is bulletproof. Mortality rates as well as expected lifetime at birth are other measures that are a proxy for well-being.
– Domenico Ferraro, associate professor of economics
Latest news
- AI master's student Nora Mawashi sees future career through ethical use of technology
The Master of Science in Artificial Intelligence in Business (MS-AIB) from the W. P.
- The top US & European MBA programs with AI concentrations
W. P.
- ‘Big league’ or big illusion? Study calls time on splashy stock market anomalies
In his latest research, an ASU professor invents a stock market anomaly to expose the shaky…